TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Compounding under FEMA allows voluntary resolution of contraventions, but Rule 9 cases are ineligible for RBI compounding.</h1> Contravention under the Foreign Exchange Management Act (FEMA), 1999, refers to a breach of its provisions or related regulations and orders. Compounding is the voluntary process of admitting such a contravention, pleading guilty, and seeking resolution. The Reserve Bank of India is authorized to compound contraventions, except those under section 3(a) of FEMA, for a specified sum after a personal hearing. This process reduces transaction costs for individuals or corporations admitting contraventions. However, cases under Rule 9 of the Foreign Exchange (Compounding Proceedings) Rules, 2024, are ineligible for compounding by the Reserve Bank.
TaxTMI 
TaxTMI 
